Large Sandy Townhouse is ready to move into!
Posted on | June 10, 2010 | No Comments
Price: $190,000
Type: Condo/Townhome
Bedrooms: 5
Bathrooms: 2 Full, 1 Partial
Garage: 2
Square Feet: 2,416
RECENT PRICE REDUCTION! Amazing Sandy townhouse for sale at a great price! End unit with a 2-car garage, private backyard with plenty of room to entertain or to just relax and enjoy the surroundings. New stove, new paint, and newer carpet throughout. Basement was recently finished with plenty of room and light. The master bedroom is huge and has plenty of closet space. HOA offers a great pool and clubhouse as well as the association offering plenty of on-site RV and boat storage. Call Scott Robbins today to arrange a tour of this wonderful townhouse 801-209-1120
http://www.circlepix.com/tours/5?wfrnum=965170
Countrywide to Refund Mortgage Borrowers $108m in Fees…
Posted on | June 8, 2010 | No Comments
More than 200,000 bankrupt Countrywide Financial mortgage borrowers will receive more than $108m in refunds for “rip-offs” they incurred during the “outrageous practices” at two of the mortgage provider’s servicing operations, according to Jon Leibowitz, chairman of the Federal Trade Commission (FTC — headquarters pictured above).
The two firms named in today’s law enforcement action are Countrywide Home Loans and Countrywide Home Loans Servicing, now doing business as BAC Home Loans Servicing.
According to a conference call this morning, Countrywide borrowers were “victimized” in bankruptcy in such a way that they emerged from proceedings still owing improper fees, said Cliff White, the director of Executive Office for U.S. Trustees, under the Department of Justice (DOJ), who helped litigate the law enforcement action. “Homeowners who file bankruptcy and obey the rules are entitled to a fresh start,” he added.
According to Leibowitz, Countrywide made it a business strategy to take advantage of a system of affiliates that would overcharge for services related to a home centered in bankruptcy filings. For example, Countrywide overcharged for valuation services and in subsequent property preservation once the home became vacated.
“$300 for mowing a loan is extraordinary,” said Leibowitz. “I want that job.”
Leibowitz said that Countrywide charged up to $2,500 in trustee fees even though entities such as Fannie Mae cap such charges at $600.
The FTC said that Bank of America, which took over Countrywide in 2008 was exceptionally cooperative in negotiating the settlement.
Leibowitz adds that the FTC is asking Congress for more money and power to go after what it feels are unfair practices in the housing industry.
The FTC set up a Web site for claims information, that went live today.
Amazing Remodel in Sandy…5 bedrooms
Posted on | June 3, 2010 | No Comments
Price: $278,000
Type: Single Family
Bedrooms: 5
Bathrooms: 2 Full, 1 Partial
Garage: 2
Square Feet: 2,640
This home has it all. Totally remodeled kitchen with 2 ovens, stainless steel appliances, granite countertops and cabinets. New carpet, new tile and 2-tone paint throughout. New central A/C, sprinklers system, and deck. Garage has tons of storage with an oversized loft for extra space. Yard has plenty of room with a vegetable garden. This beautiful home is sure to impress!
http://www.circlepix.com/tours/5?wfrnum=965534
Tags: Appriasal > Real Estate > Sales Price > Salt Lake > Salt Lake properties > Sandy
May House Prices Show Highest Increase Since 2006
Posted on | June 3, 2010 | 1 Comment
House prices climbed 6.8% in May 2010 from last year, the largest yearly increase since July 2006, according to a report from real estate data provider Clear Capital.
In June 2009, Clear Capital reported a 19.3% drop in May house prices, a “far cry” from the increase shown in this report a year later, said Alex Villacorta, senior statistician at Clear Capital. The rolling quarter-over-quarter number, which measures houses prices against those three months ago showed a 1.8% decline, an improvement from the 5% drop in April.
“We continue to see sustained price growth throughout much of the country with yearly price gains reflecting the housing recovery off of last year’s lows,” Villacorta said. “The expiration of the tax credit at the end of April has certainly contributed to the growth of prices we are observing and as more sales close before the June 30 deadline we expect that markets across the country will continue to see strengthening of prices.”
The amount of REO properties on the market seems to be dropping, too, according to Clear Capital. The national REO saturation rate dropped to 27.8%, down from 41.7% last year.
“This dramatic shift in price trends reflects the unprecedented volatility over the last couple of years and the delicate state of local real estate markets around the country,” Villacorta said.
Tags: Data > Foreclosure > Market News > REO properties
Building Green, New Codes unveiled…
Posted on | May 27, 2010 | No Comments
The International Code Council announced the release of Public Version 1.0 of the International Green Construction Code (IGCC) to regulate construction of new and existing commercial buildings. The IGCC aims to significantly reduce energy usage and greenhouse gasses. It addresses site development and land use, including preservation of natural and material resources. Enforcement of the code will improve indoor air quality and support the use of energy-efficient appliances, renewable energy systems, water resource conservation, rainwater collection and distribution systems, and the recovery of used water (graywater). Principals from the ICC, AIA and ASTM pointed out how the IGCC helps further the mission of their organizations and members.
We talked to communities who indicate that their voluntary green building programs reach only, but an important, 30 percent of the built environment,” said Code Council CEO Richard P.
Weiland. “This means that there is a clear need for a regulatory tool to establish a baseline to help jurisdictions meet their sustainability goals.” The IGCC emphasizes building performance, including features such as a requirement for building system performance verification and building owner education to ensure the best energy-efficient practices. A key feature of the new code is a section devoted to “jurisdictional electives” that will allow customization of the code beyond its baseline provisions to address local priorities and conditions.
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